INFOGRAPHIC: Funding mechanisms to boost innovation for development
This diagram outlines the "Grand Challenge" approach to funding innovation solutions. First, ideas and infrastructure articulate concepts, funding and core scientific needs, resulting in a proof-of-concept or new or modified ideas. Second, products and services that harness different funding mechanisms to convert ideas into social, business or scientific products ready for market. Lastly, outcomes and impacts focused on scaling up, ideally through entrepreneurial spirit, for greatest transformative effect (adapted from Brook et al. (2014) "Innovation for Development," in International Development: Ideas, Experience, and Prospects, Oxford University Press). (French version)

— Abstract

Science and technology have contributed to development through improved food production, enhanced nutrition, better health, longer lives, and many other areas. Over the past fifty years, innovation has moved from being something spontaneous and exogenous to development efforts, to something consciously fostered and directed toward the achievement of particular objectives. Thus, the range of mechanisms to spur innovation has expanded from funding ideas and infrastructure to also embracing strategies to develop products and services to achieve specific outcomes and impacts. In part, this change responds to pressure to mobilize private finance and effort and to shift risk away from governments and the public sector. This broad range of mechanisms can be perceived as disparate, sometimes conflicting strategies, but they can also complement one another.

- Download this Chapter -

— Suggested Readings

Kraemer-Mbula, Erika, and Watu Wamae. (2010). Innovation and the development agenda. Paris: OECD. (Résumé en français disponible ici)

Leach, Melissa and Ian Scoones (2006). The Slow Race: Making Technology Work for the Poor. London: Demos. [PDF 500KB]

Molenaar, Henk, Louk Box and Rutger Engelhard (eds.) (2009). Knowledge on the Move: Emerging Agendas for Development-Oriented Research. Leiden, Netherlands: International Development Publishers. [PDF 250KB]

Ramalingam, Ben and Kristen Bound (2016). Innovation for International Development: Navigating the Paths and Pitfalls . London, UK: Nesta. [PDF 3.4 MB]

Ravallion, Martin, Alan Gelb and Ann E. Harrison (2010). Research for Development: A World Bank Perspective on Future Directions for Research (World Bank Policy Research Working Paper 5437). Washington, DC: The World Bank.

Thorsteinsdottir, Halla. (2012). South-South Collaboration in Health Biotechnology Growing Partnerships Amongst Developing Countries. New Delhi [India]: Academic Foundation. (Résumé en français disponible ici)

Wagner, Caroline. (2008). The New Invisible College: Science for Development. Washington, DC: Brookings Institution.